Can't decide the best first deal.

[Michael Janke]

I have spent the past several months learning all that I can and saving up, and I am ready to buy my first deal, but can't convince myself of the best strategy is for my first deal.

I think my best move for starting it to house hack a 4 Plex, but I'm not sure if I should get something rent ready and just learn the process and get cash flow, or get something I can fix up and add value to. I also will need to use owner occupied financing, so I am nervous about finding the right house in a location I want to live. I have thought a little about a 203k loan, but have heard that there are restrictions on who can do the rehab work. Anyone have good or bad experience with 203k?

A few factors adding to my fears:

- I might be moving in May, and am worried about being half thought a Reno and needing to move.

-I am training for a half iron Man right now which takes up about 10 hours per week, so I have less time to put toward a reno.

Any advice would be really appreciated! Thanks!